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SpaceX has moved $153M in Bitcoin after three years of silence as political tensions with the U.S. government escalate.
Author: Akshat Thakur
Written On: Tue, 22 Jul 2025 20:10:45 GMT
July 23, 2025, SpaceX made its first onchain Bitcoin transaction in three years, moving over $153 million as U.S. political tensions rise and the Pentagon seeks new defense partners.
Arkham Intelligence reported that SpaceX consolidated 1,308 BTC from 16 Pay-to-Public-Key-Hash (P2PKH) addresses into a single SegWit-compatible Pay-to-Witness-Public-Key-Hash (P2WPKH) wallet. This is SpaceX’s first known Bitcoin transaction since 2021.
The exact purpose behind the transfer is unclear. However, the move to a SegWit address suggests a long-term strategy to improve fund management and reduce transaction fees.
This development comes amid growing political tension between Elon Musk and U.S. authorities. In June, reports emerged that former President Trump considered canceling $22 billion in federal contracts with SpaceX due to personal disputes with Musk. Although most contracts were ultimately deemed too vital to cut, the episode signaled instability.
On July 22, 2025, the Pentagon officially announced that it would diversify contractors for its $175 billion Golden Dome missile defense system. The move aims to reduce “over-reliance on SpaceX” by welcoming new bidders.
SpaceX revealed its Bitcoin holdings alongside Tesla in 2021 as part of a broader asset diversification strategy by Elon Musk. Since then, SpaceX has remained largely silent on its crypto strategy until now.
While Musk himself has not commented on the transfer, the company’s continued crypto exposure is consistent with Musk’s past involvement in the space, including Dogecoin promotion and Bitcoin payments via Tesla.
In 2024, VC Chamath Palihapitiya confirmed that SpaceX uses stablecoins to collect Starlink payments in emerging markets. This allowed the company to bypass traditional banking channels, especially in countries with limited financial infrastructure.
Currently, SpaceX is estimated to hold around 6,977 BTC, worth approximately $815 million making it one of the largest corporate Bitcoin holders globally.
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